An electrical transformer is a device that transfers electrical energy between two or more circuits through electromagnetic induction. It is an essential component in power distribution systems, helping to step up or step down voltage levels for efficient transmission and utilization of electricity. HS Code 85043120 specifically refers to unrated electrical transformers with a power handling capacity not exceeding 1 kVA.
The product description for HS Code 85043120 states that it includes electrical transformers other than liquid dielectric, which means they do not utilize liquid as their insulating medium. These transformers are not rated, indicating that they do not have a specified power handling capacity. However, they are designed to handle power up to 1 kilovolt-ampere (kVA). This makes them suitable for various applications where a small power load is required.
The bound / most-favored-nation (MFN) duty rate for HS Code 85043120 is free. This means that countries are not required to impose any import duties or tariffs on this specific product. It is in line with the principle of non-discrimination in international trade, ensuring that every country treats all its trading partners equally when it comes to trade barriers and market access.
Whenever a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair and equitable trade practices, allowing for a level playing field in the global marketplace.
The quantity unit for HS Code 85043120 is number (NO), indicating that the quantity of unrated electrical transformers is measured in terms of the number of units imported or exported.
HS Code 85043120 is eligible for various special tariff preference programs, providing duty-free treatment for importers or exporters. The following programs offer preferential rates:
The following US states are importing unrated electrical transformers (HS Code 85043120):
The following US states are exporting unrated electrical transformers (HS Code 85043120):
HS Code 85043120 plays a crucial role in facilitating the import and export of unrated electrical transformers with a power handling capacity not exceeding 1 kVA. Understanding the details of this HS code helps businesses and policymakers make informed decisions regarding trade and market access.